Overview of Touwa Shiteikoopu Doutoku (藤和シティコープ道徳)
Touwa Shiteikoopu Doutoku (藤和シティコープ道徳) is a 30-year-old condominium located at Nagoyashi Minamiku Toyoda 2 Choume 13-8 (名古屋市南区豊田2丁目13-8), Aichi, Japan. Built in 1996, it comprises 29 units in a Reinforced Concrete (RC) structure. It was constructed by Arai Kumi (新井組).
Pricing & Floor Plans
Based on 15 past listings, prices have ranged from 1,180〜1,880万円 (approx. $78,667–$125,333 USD at ¥150/$).
Unit sizes range from 71.5–85.3 sqm (770–918 sqft). Note: Japanese measurements refer to exclusive-use area (interior only, no common areas).
Available layouts: 3LDK (3-bedroom w/ living-dining-kitchen), 3SLDK (3-bedroom w/ living-dining-kitchen + service room), 4LDK (4-bedroom w/ living-dining-kitchen).
Estimated price per sqm: ¥21.1万/sqm (approx. $1,403/sqm or $130/sqft).
Location & Neighborhood
The property is located at Nagoyashi Minamiku Toyoda 2 Choume 13-8 (名古屋市南区豊田2丁目13-8), Aichi, Japan. It is a 7-minute walk to the nearest station. This is considered good station access by Japanese standards.
Investment Perspective
Building depreciation: In Japan, buildings depreciate significantly over time. Wood-frame houses depreciate to near-zero value at around 22 years, while RC structures depreciate more slowly but still lose value. At 30 years old, much of the building's value has already depreciated — the price largely reflects land value and location premium.
Key cultural note: Unlike the US where properties typically appreciate over time, Japanese buildings depreciate while the underlying land tends to hold or gain value. This means buyers should evaluate the land-to-building value ratio carefully.
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